U. S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-KSB


[X]  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(D) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934

[_]  TRANSITION REPORT UNDER SECTION 13 OR 15 (D) OF THE SECURITIES ACT OF 1934


FOR THE YEAR ENDED: December 31, 2001


COMMISSION FILE NUMBER: 000-30807


                              CEO CHANNEL.COM, INC.
                 ---------------------------------------------
                 (Name of Small Business Issuer in its Charter)


          Florida                                            65-0904572
--------------------------------------            ------------------------------
(State or other jurisdiction of                   (I.R.S. Employer
       Incorporation or organization)                     Identification No.)


11408 Orchard Park, Suite 311
Richmond, Virginia                                             23059
--------------------------------------            ------------------------------
(Address of Principal Executive Office)                    (Zip Code)


                                 (804) 273-6731
                         -------------------------------
                           (Issuer's Telephone Number)



Securities registered under Section 12(b) of the Act:   None


Securities  registered under Section 12(g) of the Act: Common Stock, $0.0001 par
                                                       value per share




<PAGE>



Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filings requirements for the past 90 days. Yes [_] No [X]



Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to the Form 10-KSB. [_]



The Issuer's revenues for the fiscal year ended December 31, 2001 was $0.



The aggregate market value of voting common equity held by  non-affiliates as of
March 30, 2005 was approximately $0.



As of March 30, 2005 there were  12,200,000  shares of common  stock  issued and
outstanding.



Transitional Small Business Disclosure Format: Yes [_] No [X]





<PAGE>



                                TABLE OF CONTENTS

PART I

Item 1    Description of Business
Item 2    Description of Property
Item 3    Legal Proceeding
Item 4    Submission of Matters to a Vote of Security Holders


PART II

Item 5    Market for Common Equity and Other Shareholder Matters
Item 6    Management's Discussion and Analysis or Plan of Operation
Item 7    Financial Statements
Item 8    Changes In and  Disagreements  With  Accountants  Item 8A Controls and
          Procedures

PART III

Item 9    Directors,   Executive   Officers,   Promoters  and  Control  Persons;
          Compliance with Section 16(a) of the Exchange Act
Item 10   Executive Compensation
Item 11   Security Ownership of Certain Beneficial Owners and Management
Item 12   Certain Relationships and Related Transactions
Item 13   Exhibits and Reports on Form 8-K
Item 14   Principal Accountant Fees and Services


SIGNATURES


FINANCIAL STATEMENTS--INDEPENDENT AUDITOR'S REPORT







<PAGE>



                  Caution Regarding Forward Looking Information


Certain  statements  contained  in  this  annual  filing,   including,   without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors that may cause the actual results,  performance or achievements of
the Company,  or industry  results,  to be materially  different from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements.

Such factors include, among others, the following:  international,  national and
local general economic and market conditions:  demographic  changes; the ability
of the Company to sustain,  manage or  forecast  its growth;  the ability of the
Company to successfully make and integrate acquisitions;  raw material costs and
availability;  new product  development and  introduction;  existing  government
regulations  and  changes  in,  or  the  failure  to  comply  with,   government
regulations;  adverse publicity;  competition; the loss of significant customers
or suppliers;  fluctuations  and  difficulty in forecasting  operating  results;
changes in business strategy or development  plans;  business  disruptions;  the
ability  to attract  and  retain  qualified  personnel;  the  ability to protect
technology; and other factors referenced in this and previous filings.

Given  these  uncertainties,  readers  of this Form  10-KSB  and  investors  are
cautioned not to place undue reliance on such  forward-looking  statements.  The
Company  disclaims  any  obligation  to update any such  factors or to  publicly
announce the result of any  revisions to any of the  forward-looking  statements
contained herein to reflect future events or developments.











                                       3
<PAGE>


                                     PART I


ITEM 1. DESCRIPTION OF BUSINESS

CEO Channel.com,  Inc., a Florida  corporation,  was incorporated on February 3,
1999. The Company failed to develop its original business plan..

In 1999, the Company sold 2,200,000 shares of common stock  restricted  pursuant
to Rule 144 in exchange  for  $224,980  in cash to support  its working  capital
requirements.  The Company  again  failed to develop its new business  plan.  On
April 23, 2002, The Company issued  10,000,000 shares of restricted common stock
to its then new  management  in exchange  for services  valued at  $10,0000,  or
$0.001 per share.  In May 2002 the Company  exchanged a demand  promissory  note
carrying  8%  interest  per annum  for  $15,000  in cash.  The  indebtedness  is
evidenced  by a  Convertible  Note,  convertible  into the  Common  Stock of the
Company at the election of the holder.

The Company has very limited  capital,  and it is unlikely that the Company will
be able to take  advantage  of more  than one  such  business  opportunity.  The
Company intends to seek  opportunities  demonstrating the potential of long-term
growth as opposed to short-term  earnings.  However,  at the present  time,  the
Company has not identified any business opportunity that it plans to pursue, nor
has the Company  reached any  agreement  or  definitive  understanding  with any
person concerning an acquisition.

The Company  intends to either  develop its new business  plan;  initiate  other
business  plan(s) - either  related or  unrelated  to previous  ventures,  or to
locate and combine with an existing,  privately-held company which is profitable
or, in management's view, has growth potential,  irrespective of the industry in
which it is engaged.

In the event that a business combination  transaction is explored in the future,
it is  anticipated  that the  Company's  officers  and  directors  will  contact
broker-dealers and other persons with whom they are acquainted





                                       4
<PAGE>




who are involved with corporate  finance matters to advise them of the Company's
existence and to determine if any companies or  businesses  that they  represent
have a general interest in considering a merger or acquisition with a blind pool
or blank check or shell entity. No direct discussions  regarding the possibility
of merger are expected to occur in the  immediate  future.  No assurance  can be
given that the Company  will be  successful  in finding or acquiring a desirable
business opportunity,  given the limited funds that are expected to be available
for acquisitions.  Furthermore,  no assurance can be given that any acquisition,
which does  occur,  will be on terms that are  favorable  to the  Company or its
current  stockholders.  The Company  does not foresee  that it will enter into a
merger or acquisition  transaction  with any business with which its officers or
directors are currently affiliated.

Competition

The Company  expects to encounter  competition  in its new business plan to make
medium to high risk unsecured  loans to individuals,  corporations  and/or other
entities or to invest in  early-stage,  early-growth,  pre- IPO  companies.  The
competition  may in part  come  from  business  development  companies,  venture
capital  partnerships and corporations,  small investment  companies,  brokerage
firms, and the like. Some of these types of organizations  are likely to be in a
better  position  than the Company  because they may be able to offer  immediate
access to  limited  amounts  of cash,  or for a variety  of other  reasons.  The
Company  also will  experience  competition  from other  public  companies  with
similar business purposes, some of which may also have funds available for use.

Employees

The  Company  is in the  development  stage  and  currently  has  no  employees.
Management of the Company expects to use consultants,  attorneys and accountants
as necessary,  and does not anticipate a need to engage any full-time  employees
so long as it is seeking and  evaluating  business  opportunities.  The need for
employees  and their  availability  will be  addressed  in  connection  with the
decision  whether  or  not  to  acquire  or  participate  in  specific  business
opportunities.

Dilution

In order to fund its growth,  the Company  will almost  certainly  need to raise
investment  capital in the near future,  either through a private placement or a
public distribution of securities.  Should the Company sell any or all shares of
common  stock  pursuant  to  a  private  or  public  sale  of  securities,   the
proportional interests of the existing stockholders shall be diluted.

Dividend Policy

The Company has never declared or paid cash  dividends on its Common Stock.  The
payment of dividends rests within the discretion of our Board of Directors.  The
declaration   and  payment  of   dividends   will  depend   upon,   among  other
considerations,  the Company's need for working capital,  industry  regulations,
and its financial  condition at the time.  Management  does not  anticipate  the
Company will pay dividends in the foreseeable future.

Directors, Executive Officers, Promoters and Control Persons

The directors and  executive  officers of the Company,  their ages and positions
held as of the date of this filing are set forth below:

        Name            Age     Position(s) with Company
        -------------   ---     ---------------------------
        Larry Creeger   56      Sole Officer and Director
----------------
(1)  All directors hold office until the next annual meeting of our shareholders
     and until their successors have been elected and qualify. Officers serve at
     the pleasure of the Board of  Directors.  The officers and  directors  will
     devote such time and effort to the  business  and affairs of the Company as
     may be  necessary  to  perform  their  responsibilities  as  our  executive
     officers and/or directors.



                                       5
<PAGE>



Business Experience

Larry  Creeger,  age 56, is the  Company's  sole  officer  and  director.  Since
September 2001, Mr. Creeger has been the President of Global Eventmakers,  Inc.,
(GEM).  GEM is a an event  production  company,  specializing  in golf tours and
tennis tours for touring professionals too old to play on the established highly
visible tours,  (i.e.  PGA),  but not yet old enough to play on the  established
Senior's  tours.  GEM is also  developing  several other concepts for travelling
educational expositions.  GEM is in the process of raising sufficient capital to
take these  projects  forward.  Mr.  Creeger was the  President of Aarow Special
Events, Inc., based in Richmond, VA from 1977 through September 2001. At the end
of its viable life,  Aarow was  producing  approximately  2,000  special  events
nationwide  annually.  September 11 caused all of the corporate sponsors of such
special events to cease that type of discretionary spending, therefore Aarow was
no longer viable . Mr. Creeger  received a Bachelor in History degree from Ryder
University in Lawrenceville, NJ, in 1969.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The  following  table  sets  forth  information  as of the date of this  filing,
regarding the ownership of the Company's Common Stock by each shareholder  known
by the Company to be the beneficial  owner of more than five percent (5%) of its
outstanding shares of Common Stock, each director and all executive officers and
directors as a group.  Except as otherwise  indicated,  each of the shareholders
has sole voting and  investment  power with respect to the share of Common Stock
beneficially owned.

Name and Address of            Title of    Amount and Nature of    Percent of
Beneficial Owner (1)            Class        Beneficial Owner        Class
------------------------------------------------------------------------------

Larry Creeger                   Common            10,000,000         81.97%


All Executive Officers and      Common            10,000,000        81.97%
Directors as a Group
(One (1) person)

----------------------------------------
(1)  The address for the above is c/o CEO Channel.com, Inc., 11408 Orchard Park,
     Suite 311, Glen Allen, Virginia 23059.

                                  Risk Factors

Conflicts of  Interest.  Certain  conflicts  of interest  may exist  between the
Company and its  officer/director.  He has other business  interests to which he
currently  devotes  his  attention,  and is  expected to continue to do so. As a
result,  conflicts of interest  may arise that can be resolved  only through his
exercise of judgment in a manner which is consistent  with his fiduciary  duties
to the Company.

It is  anticipated  that  the  Company's  principal  shareholders  may  actively
negotiate  or  otherwise  consent to the  purchase of a portion of their  common
stock as a condition to, or in connection with, a proposed merger or acquisition
transaction.  In this process, the Company's principal shareholders may consider
their own  personal  pecuniary  benefit  rather than the best  interest of other
Company  shareholders.  Depending  upon the  nature of a  proposed  transaction,
Company  shareholders other than the principal  shareholders may not be afforded
the opportunity to approve or consent to a particular transaction.



                                       6
<PAGE>



Possible Need for Additional Financing.  The Company has very limited funds, and
such funds,  may not be adequate to take  advantage  of any  available  business
opportunities.  Even if the  Company's  currently  available  funds  prove to be
sufficient to pay for its operations until it is able to acquire an interest in,
or complete a transaction with, a business opportunity,  such funds will clearly
not be sufficient to enable it to exploit the  opportunity.  Thus,  the ultimate
success of the Company  will depend,  in part,  upon its  availability  to raise
additional  capital.  In the event that the Company  requires  modest amounts of
additional  capital  to fund  its  operations  until  it is able to  complete  a
business acquisition or transaction,  such funds, are expected to be provided by
the  principal  shareholder.  However,  the  Company  has not  investigated  the
availability,  source,  or  terms  that  might  govern  the  acquisition  of the
additional  capital  which is  expected  to be  required  in order to  exploit a
business  opportunity,  and will not do so until it has  determined the level of
need for  such  additional  financing.  There is no  assurance  that  additional
capital  will be  available  from any  source or, if  available,  that it can be
obtained on terms  acceptable to the Company.  If not  available,  the Company's
operations  will be  limited  to those  that  can be  financed  with its  modest
capital.

Regulation of Penny Stocks.  The Company's common stock has historically  traded
at low prices and may become subject to the "Penny Stock" rules and regulations.
The Company's  common stock may become subject to certain rules and  regulations
promulgated by the Securities and Exchange  Commission  ("SEC")  pursuant to the
Securities  Enforcement  Remedies and Penny Stock Reform Act of 1990 (the "Penny
Stock Act") which impose strict sales practice  requirements  on  broker-dealers
who sell such securities to persons other than established customers and certain
"accredited  investors."  For  transactions  covered  by the Penny  Stock Act, a
broker-dealer  must make a special  suitability  determination for the purchaser
and have received the purchaser's  written consent for the transaction  prior to
sale.  Consequently,  such act may affect the ability of  broker-dealers to sell
the  Company's  common stock and may affect the ability of future  purchasers to
sell any of the common stock acquired thereby.

The Penny Stock Act  generally  defines a "penny  stock" to be any  security not
listed on an exchange or not authorized for quotation on the Nasdaq Stock Market
that has a market  price (as  therein  defined)  less than $5.00 per share or an
exercise price of less than $5.00 per share, subject to certain exceptions.  For
any transactions by broker-dealers  involving a penny stock (unless exempt), the
act  requires  delivery,  prior to a  transaction  in a penny  stock,  of a risk
disclosure document relating to the market for the penny stocks. Disclosure also
is required to be made regarding  compensation payable to both the broker-dealer
and the registered representative and current quotations for the securities must
be provided.  Finally,  monthly  statements  are required to be sent  disclosing
recent price information for the penny stocks.

In addition,  the  Securities  and Exchange  Commission  has adopted a number of
rules to  regulate  penny  stocks.  Such rules  include  Rule  3a51-1  under the
Securities Act of 1933, an Rules 15g-1,  15g-2, 15g-3, 15g-4, 15g-5, 15g- 6, and
15g-7  under the  Securities  Exchange  Act of 1934,  as  amended.  Because  the
securities of the Company may constitute  penny stocks within the meaning of the
rules, the rules would apply to the Company and to its securities. The rules may
further affect the ability of the Company's shareholders to sell their shares in
any public market, which might develop.

The foregoing penny stock  restrictions  will not apply to the Company's  common
stock if such  stock is listed on an  exchange  or  quoted on the  Nasdaq  Stock
Market,  has a certain  price and volume  information  provided on a current and
continuing  basis or if Bidville  meets  certain  minimum net tangible  asset or
average revenue  criteria.  There can be no assurance that the Company's  common
stock will qualify for exemption from the Penny Stock Act. In any event, even if
the  Company's  common  stock was exempt  from the Penny Stock  Rules,  it would
remain subject to Section  15(b)(6) of the  Securities  Exchange Act of 1934, as
amended (the "Exchange Act"),  which gives the SEC the authority to prohibit any
person who is engaged in unlawful conduct while  participating in a distribution
of a penny stock from  associating  with a broker-dealer  or  participating in a
distribution of a penny stock, if the SEC finds that such a restriction would be
in the public interest. At such



                                       7
<PAGE>



time as the Company's common stock is subject to the rules on penny stocks,  the
market  liquidity for the Company's common stock could be severely and adversely
affected.

Limited  Operating  History.  The  Company has a limited  operating  history and
currently  has no revenues from  operations or assets.  The Company faces all of
the risks of a new business and the special risks inherent in the investigation,
acquisition,  or involvement in a new business opportunity.  The Company must be
regarded  as a new  or  start-up  venture  with  all of  the  unforeseen  costs,
expenses, problems, and difficulties to which such ventures are subject.

No Assurance of Success or Profitability. There is no assurance that the Company
will acquire a favorable business opportunity. Even if the Company should become
involved in a business opportunity,  there is no assurance that it will generate
revenues  or  profits,  or that the market  price of the  Company's  outstanding
shares will be increased thereby.

Possible  Business Not Identified  and Highly Risky.  The Company has identified
its future  business plan as lending and investing for which the Company intends
to form a new  wholly-owned  subsidiary for the purpose of adding such a line of
business  sometime in the near future.  Other general  business  services may be
offered in the future,  however,  these plans and services have not been defined
by  management as of the date of this filing.  As a result,  the Company is only
able to make general disclosures concerning the risks and hazards of acquiring a
business opportunity,  rather than providing disclosure with respect to specific
risks and hazards relating to a particular  business  opportunity.  As a general
matter,  prospective  investors can expect any potential business opportunity to
be quite risky.

Lack of  Diversification.  Because of the limited  financial  resources that the
Company  has, it is  unlikely  that the Company  will be able to  diversify  its
acquisitions or operations.  The Company's  probable  inability to diversify its
activities  into  more  than one area  will  subject  the  Company  to  economic
fluctuations within a particular business or industry and therefore increase the
risks associated with the Company's operations.

Other Regulation. A transaction made by the Company may be of a business that is
subject to  regulation  or licensing by federal,  state,  or local  authorities.
Compliance  with  such  regulations  and  licensing  can  be  expected  to  be a
time-consuming,  expensive process and may limit other investment  opportunities
of the Company.

Dependence upon Management;  Limited  Participation  of Management.  The Company
will be entirely  dependant upon the experience of its sole officer and director
in seeking,  investigating,  and  acquiring a business  and in making  decisions
regarding the Company's operations.  It is possible that, from time to time, the
inability of such person to devote their full time and  attention to the Company
could be detrimental  Because  investors will not be able to evaluate the merits
of possible future business  acquisitions by the Company, they should critically
assess the  information  concerning the Company's  officers and directors.  (See
Management.)

Lack of  Continuity  in  Management.  The  Company  does not have an  employment
agreement with its officer/director, and as a result, there is no assurance that
he will  continue  to manage  the  Company in the  future.  In  connection  with
acquisition of a business opportunity, it is likely the current officer/director
of the Company may resign.  A decision to resign will be based upon the identity
of the business opportunity and the nature of the transaction,  and is likely to
occur without the vote or consent of the stockholders of the Company.

Indemnification of Officers and Directors. The Company's By-Laws provide for the
indemnification  of its,  directors,  officers,  employees,  and  agents,  under
certain  circumstances,  against  attorney's fees and other expenses incurred by
them in any  litigation  to  which  they  become  a  party  arising  from  their
association  with or activities on behalf of the Company.  The Company will also
bear  the  expenses  of  such  litigation  for any of its  directors,  officers,
employees, or agents, upon such persons promise to repay the Company therefor if
it is ultimately determined that any such person shall not have been entitled to
indemnification.   This  indemnification  policy  could  result  in  substantial
expenditures by the Company, which it may be unable to recoup.



                                       8
<PAGE>




Dependence upon Outside Advisors.  To supplement the business  experience of its
Officer/director,  the Company may be required to employ accountants,  technical
experts, appraisers,  attorneys, or other consultants or advisors. The selection
of any such advisors will, be made by the Company's officers,  without any input
by shareholders. Furthermore, it is anticipated that such persons may be engaged
on an as needed basis without a continuing  fiduciary or other obligation to the
Company. In the event the officer/director of the Company considers it necessary
to hire outside  advisors,  he may elect to hire persons who are affiliates,  if
those affiliates are able to provide the required services.

Competition.  The search for potentially  profitable  business  opportunities is
intensely  competitive.  The  Company  expects  to  be  at a  disadvantage  when
competing  with  many  firms  that  have  substantially  greater  financial  and
management  resources  and  capabilities  than the  Company.  These  competitive
conditions  will  exist  in  any  industry  in  which  the  Company  may  become
interested.

No Foreseeable Dividends. The Company has not paid dividends on its Common Stock
and does not anticipate paying such dividends in the foreseeable future.


ITEM 2. DESCRIPTION OF PROPERTY

The Company  currently  maintains a mailing address at 11408 Orchard Park, Suite
311,  Glen  Allen,  Virginia  23059.  The  Company's  telephone  number is (804)
273-6731.  Other than this  mailing  address,  the  Company  does not  currently
maintain  any other  office  facilities,  and does not  anticipate  the need for
maintaining office facilities at any time in the foreseeable future. The Company
pays no rent or other fees for the use of the mailing  address as these  offices
are used virtually full-time by other businesses of the Company's President.

It is  likely  that  the  Company  will not  establish  an  office  until it has
developed  its  lending  business  and  it  is  not  possible  to  predict  what
arrangements will actually be made with respect to future office facilities.


ITEM 3. LEGAL PROCEEDINGS

The  Company  is not a  party  to any  pending  legal  proceedings,  and no such
proceedings are known to be contemplated.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Company has not conducted any meetings of shareholders  during the preceding
quarter or periods  subsequent  thereto.  Shareholder  consent  resolutions  and
activity approved thereby is fully disclosed in "Description of Business".



                                     PART II


ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market for Trading

The stock is not quoted and has not traded during the applicable period.




                                       9
<PAGE>



Common Stock

The  Company's  Articles of  Incorporation  authorize the issuance of 50,000,000
shares  of  $0.0001  par value  Common  Stock  and  10,000,000  shares of no par
preferred stock.. Each record holder of Common Stock is entitled to one vote for
each share held on all matters properly  submitted to the stockholders for their
vote.  The Articles of  Incorporation  do not permit  cumulative  voting for the
election of directors.

Holders of outstanding  shares of Common Stock are entitled to such dividends as
may be  declared  from time to time by the  Board of  Directors  out of  legally
available funds; and, in the event of liquidation,  dissolution or winding up of
the affairs of the Company,  holders are entitled to receive,  ratably,  the net
assets of the Company  available to stockholders  after  distribution is made to
the  preferred  stockholders,  if  any,  who are  given  preferred  rights  upon
liquidation.  Holders of outstanding  shares of Common Stock have no preemptive,
conversion or redemptive  rights.  All of the issued and  outstanding  shares of
Common Stock are,  and all  unissued  shares when offered and sold will be, duly
authorized,  validly issued, fully paid, and non-assessable.  To the extent that
additional  shares of the  Company's  Common  Stock  are  issued,  the  relative
interests of then existing stockholders may be diluted.

Transfer Agent

The Company is its own transfer agent.

Reports to Stockholders

The Company  plans to furnish its  stockholders  with an annual  report for each
fiscal year ending December 31 containing  financial  statements  audited by its
independent certified public accountants. In the event the Company enters into a
business  combination  with  another  Company,  it is the present  intention  of
management to continue furnishing annual reports to stockholders.  Additionally,
the Company may, in its sole discretion, issue unaudited annual or other interim
reports to its stockholders  when it deems  appropriate.  The Company intends to
comply with the periodic reporting  requirements of the Securities  Exchange Act
of 1934.

Dividend Policy

No dividends  have been paid to date and the Company's  Board of Directors  does
not anticipate  paying  dividends in the foreseeable  future.  It is the current
policy to retain all earnings, if any, to support future growth and expansion.

Recent Sales of Unregistered Securities

In or about March 1999,  the Company  issued a total of 2,200,000  shares of the
Company's restricted, unregistered common stock in exchange for $224,980 in cash
to support the Company's operations. The Company relied upon Section 4(2) of the
Securities  Act  of  1933,  as  amended  ("Securities  Act"),  and  Rule  506 of
Regulation D promulgated  thereunder.  This transaction did not involve a public
offering  and  was  exempt  from  registration  under  the  Securities  Act.  No
underwriters were used in connection with this transaction.

On or about  April  23,  2002,  the  Company  issued  10,000,000  shares  of the
Company's  restricted,  unregistered  common stock for services of its President
valued at of $10,000. The Company relied upon Section 4(2) of the Securities Act
of 1933, as amended ("Securities Act"), and Rule 506 of Regulation D promulgated
thereunder.  This  transaction  did not involve a public offering and was exempt
from  registration  under  the  Securities  Act.  No  underwriters  were used in
connection with this transaction.



                                       10
<PAGE>



ITEM 6    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Results of Operations

The Company had revenues of $0 and $0 for the years ended December 31, 2001 and
2000, respectively.

During the year ended  December 31, 2001 and 2000,  the Company  incurred $0 and
$48,000,  respectively,  for officers salaries and $0 and $5,400,  respectively,
for others  salaries.  During the year ended  December  31,  2001 and 2000,  the
Company  incurred $100 and $51,000,  respectively in general and  administrative
expenses,  and $0 and $5,600,  respectively,  in depreciation  expense.  For the
twelve  months ended  December 31, 2001 and 2000,  the Company had total general
and administrative expenses of approximately $100 and $110,000, respectively.

In the fourth  quarter of 2000,  the Company  realized that it could not sustain
its operations,  nor could it raise additional capital,  therefore it elected to
cease operations and abandoned its assets.

For the twelve  months  ended  December 31, 2001 and 2000,  the Company  accrued
interest expense of $0 and $0.

Future expenditure levels are expected to be nominal,  generally for the purpose
of maintaining  the Company's  stockholder  records and filing  requirements  to
comply with the Securities Exchange Act of 1934 and for initiating the Company's
current business plan, as discussed previously.

The  Company  does not  expect  to  generate  any  meaningful  revenue  or incur
operating  expenses for purposes  other than  fulfilling  the  obligations  of a
reporting  company  under The  Securities  Exchange Act of 1934 unless and until
such time that the Company's operating subsidiary begins meaningful operations.

Liquidity and Capital Resources

At December 31, 2001 and 2000, respectively,  the Company had working capital of
approximately $0 and $100.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital  necessary to support and preserve the integrity of
the  corporate  entity.  However,  there  is  no  legal  obligation  for  either
management or significant  stockholders  to provide  additional  future funding.
Should this pledge fail to provide financing, the Company has not identified any
alternative  sources.  Consequently,   there  is  substantial  doubt  about  the
Company's ability to continue as a going concern.

The  Company's  need for  capital  may  change  dramatically  as a result of the
implementation of its current business plan.

Regardless of whether the  Company's  cash assets prove to be inadequate to meet
the Company's  operational needs, the Company might seek to compensate providers
of services by issuances  of stock in lieu of cash.  For  information  as to the
Company's  policy in regard to payment  for  consulting  services,  see  Certain
Relationships and Transactions.


ITEM 7 - FINANCIAL STATEMENTS

The required financial statements begin on page F-1 of this document.


ITEM 8 - CHANGES  IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
         FINANCIAL DISCLOSURES

None.



                                       11
<PAGE>



                                    PART III


ITEM 9 - DIRECTORS,   EXECUTIVE  OFFICERS,   PROMOTERS  AND  CONTROL  PERSONS;
         COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

The directors and executive officers serving the Company are as follows:

     Name       Age           Position Held and Tenure
-------------  -----     ---------------------------
Larry Creeger   56       President, Chief Executive Officer
                         Chief Financial Officer

The  director  named  above  will  serve  until the next  annual  meeting of the
Company's  stockholders  or until  their  successors  are duly  elected and have
qualified.   Directors  will  be  elected  for  one-year  terms  at  the  annual
stockholders meeting.  Officers will hold their positions at the pleasure of the
board of directors,  absent any  employment  agreement,  of which none currently
exists or is contemplated.  There is no arrangement or understanding between any
of the  directors  or officers of the Company and any other  person  pursuant to
which any director or officer was or is to be selected as a director or officer,
and there is no arrangement,  plan or understanding as to whether non-management
shareholders  will exercise their voting rights to continue to elect the current
directors to the Company's board. There are also no arrangements,  agreements or
understandings  between   non-management   shareholders  that  may  directly  or
indirectly participate in or influence the management of the Company's affairs.

The directors and officers will devote their time to the Company's affairs on an
as needed  basis,  which,  depending  on the  circumstances,  could amount to as
little as two hours per month, or more than forty hours per month, but more than
likely  encompass  less than ten hours per  month.  There are no  agreements  or
understandings  for any  officer or director to resign at the request of another
person,  and none of the officers or directors  are acting on behalf of, or will
act at the direction of, any other person.

BIOGRAPHICAL INFORMATION

Larry Creeger, Sole Officer and Director

Larry  Creeger,  age 56, is the  Company's  sole  officer  and  director.  Since
September 2001, Mr. Creeger has been the President of Global Eventmakers,  Inc.,
(GEM).  GEM is a an event  production  company,  specializing  in golf tours and
tennis tours for touring professionals too old to play on the established highly
visible tours,  (i.e.  PGA),  but not yet old enough to play on the  established
Senior's  tours.  GEM is also  developing  several other concepts for travelling
educational expositions.  GEM is in the process of raising sufficient capital to
take these  projects  forward.  Mr.  Creeger was the  President of Aarow Special
Events, Inc., based in Richmond, VA from 1977 through September 2001. At the end
of its viable life,  Aarow was  producing  approximately  2,000  special  events
nationwide  annually.  September 11 caused all of the corporate sponsors of such
special events to cease that type of discretionary spending, therefore Aarow was
no longer viable . Mr. Creeger  received a Bachelor in History degree from Ryder
University in Lawrenceville, NJ, in 1969.

Indemnification of Officers and Directors.

The  Company's  By-Laws  provide  for the  indemnification  of  its,  directors,
officers, employees, and agents, under certain circumstances, against attorney's
fees and other expenses  incurred by them in any litigation to which they become
a party  arising  from their  association  with or  activities  on behalf of the
Company.  The Company will also bear the expenses of such  litigation for any of
its directors, officers, employees, or agents,



                                       12
<PAGE>



upon such  persons  promise to repay the Company  therefor  if it is  ultimately
determined that any such person shall not have been entitled to indemnification.
This  indemnification  policy could result in  substantial  expenditures  by the
Company, which it may be unable to recoup.

Conflicts of Interest

None of the  officers of the Company will devote more than a portion of his time
to  the  affairs  of  the  Company.  There  will  be  occasions  when  the  time
requirements of the Company's business conflict with the demands of the officers
other  business and investment  activities.  Such conflicts may require that the
Company attempt to employ additional  personnel.  There is no assurance that the
services of such persons  will be  available  or that they can be obtained  upon
terms favorable to the Company.

The officers,  directors and principal  shareholders of the Company may actively
negotiate for the purchase of a portion of their common stock as a condition to,
or in connection with, a proposed merger or acquisition transaction,  if any. In
the event that such a transaction  occurs,  it is anticipated that a substantial
premium may be paid by the purchaser in  conjunction  with any sale of shares by
the Company's officers, directors and principal shareholders made as a condition
to, or in connection  with, a proposed  merger or acquisition  transaction.  The
fact that a substantial  premium may be paid to members of Company management to
acquire their shares  creates a conflict of interest for them and may compromise
their state law fiduciary duties to the Company's other shareholders.  In making
any such sale,  members of Company  management  may consider  their own personal
pecuniary  benefit  rather  than  the  best  interests  of the  Company  and the
Company's other shareholders,  and the other shareholders are not expected to be
afforded  the  opportunity  to  approve or  consent  to any  particular  buy-out
transaction involving shares held by members of Company management.

It is not currently anticipated that any salary,  consulting fee, or finders fee
shall be paid to any of the Company's directors or executive officers, or to any
other affiliate of the Company except as described under Executive  Compensation
below.

Although  management  has no current  plans to cause the Company to do so, it is
possible  that the  Company  may enter  into an  agreement  with an  acquisition
candidate requiring the sale of all or a portion of the Common Stock held by the
Company's  current  stockholders  to the  acquisition  candidate  or  principals
thereof,  or to other individuals or business entities,  or requiring some other
form of payment to the Company's current  stockholders,  or requiring the future
employment  of specified  officers  and payment of salaries to them.  It is more
likely  than  not  that  any  sale  of  securities  by  the  Company's   current
stockholders  to an  acquisition  candidate  would  be at a price  substantially
higher than that  originally paid by such  stockholders.  Any payment to current
stockholders  in the context of an  acquisition  involving  the Company would be
determined  entirely by the largely  unforeseeable  terms of a future  agreement
with an unidentified business entity.



                                       13
<PAGE>



ITEM 10 - EXECUTIVE COMPENSATION

Currently,  management  of the  Company  requires  less  than four (4) hours per
month.  Accordingly,  no officer or director has received any compensation  from
the Company  since the  inception  of the  Company.  Until the Company  acquires
additional  capital,  it is not  anticipated  that any officer or director  will
receive compensation from the Company.

The Company has no stock option, retirement, pension, or profit-sharing programs
for the  benefit of  directors,  officers or other  employees,  but the Board of
Directors may recommend adoption of one or more such programs in the future.

<TABLE>
<CAPTION>
                                                         Long-Term
                            Annual Compensation        Compensation Awards        Payouts
                            --------------------       ---------------------      --------
                            (1)            Other       Restricted    Securities                    All
                            Salary/       Annual          Stock      Underlying      LTIP         Other
Name/Title       Year       Bonus      Compensation      Awards     Options/SARs    Payouts    Compensation
---------------- ----     ---------   --------------   ----------- -------------- ---------    ------------
<S>              <C>      <C>         <C>              <C>         <C>            <C>          <C>
Larry Creeger    2001       N/A             N/A            N/A           N/A          N/A         N/A
Sole Officer     2000       N/A             N/A            N/A           N/A          N/A         N/A
and Director     1999       N/A             N/A            N/A           N/A          N/A         N/A

Christian Gutierrez
Former President 2001       N/A             N/A            N/A           N/A          N/A         N/A
                 2000       $48,000        $-0-           $-0-          $-0-         $-0-        $-0-
                 1999       $57,500        $-0-           $-0-          $-0-         $-0-        $-0-
</TABLE>
------------------------
(1)  All other compensation  includes certain health and life insurance benefits
     paid by the Company on behalf of its employees.
(2)  Mr. Creeger will not be compensated  until the Company  receives funding in
     the amount of  $100,000.00  or more and the Board of  Directors  thereafter
     approves reasonable compensation.


ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of the date of this  Registration  Statement,
the  number of  shares of Common  Stock  owned of  record  and  beneficially  by
executive officers, directors and persons who hold 5% or more of the outstanding
Common Stock of the Company.  Also included are the shares held by all executive
officers and directors as a group.

Name                               Number of Shares         % of
and address                       Beneficially Owned       Class
------------------------------   --------------------    ----------
Larry Creeger                         10,000,000           81.97%

All Directors and                     10,000,000           81.97%
Executive Officers (2 persons)



                                       14
<PAGE>



ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The Company  currently  maintains a mailing address at 11408 Orchard Park, Suite
311,  Glen  Allen,  Virginia  23059.  The  Company's  telephone  number is (804)
273-6731.  This address is  maintained  and  controlled  by Larry  Creeger,  the
Company's  President.  Other than this  mailing  address,  the Company  does not
currently maintain any other office facilities, and does not anticipate the need
for maintaining  office  facilities at any time in the foreseeable  future.  The
Company  pays no rent or other fees for the use of the mailing  address as these
offices  are used  virtually  full- time by other  businesses  of the  Company's
President.


ITEM 13 - EXHIBITS AND REPORTS ON FORM 8-K

     (a) The exhibits  required to be filed  herewith by Item 601 of  Regulation
S-B, as described in the following index of exhibits, are incorporated herein by
reference, as follows:
Exhibit No.     Description
-----------    -------------------------------------

31.1   *       Certification  pursuant to Section 302 of the  Sarbanes-Oxley Act
               of 2002.

32.1   *       Certification  pursuant to Section 906 of the  Sarbanes-Oxley Act
               of 2002.
------------------------------
* filed herwith


ITEM 14 - PRINCIPAL ACCOUNTANT FEES AND SERVICES

The Company paid or accrued the following fees in each of the prior two fiscal
years to it's principal accountant, Lawrence Scharfman, CPA.

                                       Year ended        Year ended
                                      December 31,      December 31,
                                          2001              2000
                                      ------------------------------
(a)  Audit fees                        $       0         $      0
(b)  Audit-related fees                        -                -
(c)  Tax fees                                  0                0
(d)  All other fees                            -                -
                                       ---------         --------
   Totals                              $       0         $      0
                                       =========         ========

We have  considered  whether the  provision of non-audit  services is compatible
with Lawrence Scharfman,  CPA maintaining their independence and determined that
these services do not compromise their independence.

Financial Information System Design and Implementation:  Lawrence Scharfman, CPA
did not charge the Company any fees for financial  information system design and
implementation fees.

The  Company  has no  formal  audit  committee.  However,  the  entire  Board of
Directors (the "Board") is the Company's defacto audit committee. In discharging
its oversight  responsibility  as to the audit process,  the Board obtained from
the independent auditors a formal written statement describing all relationships
between  the  auditors  and  the  Company  that  might  bear  on  the  auditors'
independence  as  required  by  Independence  Standards  Board  Standard  No. 1,
"Independence  Discussions with Audit  Committees." The Board discussed with the
auditors any  relationships  that may impact their objectivity and independence,
including fees for non- audit services, and satisfied itself as to the auditors'
independence.  The Board also discussed with management,  the internal  auditors
and the independent  auditors the quality and adequacy of the Company's internal
controls.

The Company's principal accountant,  Lawrence Scharfman,  CPA did not engage any
other  persons  or  firms  other  than  the  principal  accountant's  full-time,
permanent employees.



                                       15
<PAGE>



                                   SIGNATURES

In accord with Section 13 or 15(d) of the  Securities  Act of 1933,  as amended,
the Company  caused  this report to be signed on its behalf by the  undersigned,
thereto duly authorized.


                              CEO CHANNEL.COM, INC.


Dated: April 1, 2005


By:  /s/ Larry Creeger
    ----------------------------
     Larry Creeger
     Chief Executive Officer,
     Chief Financial Officer


In accordance with the Securities Exchange Act of 1934, as amended,  this report
has been signed below by the  following  persons on behalf of the Company and in
the capacities and on the date as indicated.


Dated: April 1, 2005


By:  /s/ Larry Creeger
    ----------------------------------------------
     Larry Creeger
     Chief Executive Officer,
     Chief Financial Officer






                                       16

<PAGE>
                          INDEX TO FINANCIAL STATEMENTS



Reports of Independent Auditors..............................................F-2

Balance Sheets...............................................................F-3

Statements of Operations.....................................................F-4

Statements of Stockholders' Equity...........................................F-5

Statements of Cash Flows.....................................................F-6

Notes to Financial Statements................................................F-7






























                                       F-1

<PAGE>



                          INDEPENDENT AUDITORS' REPORT


The Board of Directors and Stockholders
CEO Channel.com ,Inc.
Richmond, VA

I have audited the accompanying balance sheet of CEO Channel.com ,Inc., Inc., as
of December 31, 2001, and the related  statements of  operations,  stockholders'
equity  (deficit) and cash flows for the two years in the period ended  December
31, 2001.  These financial  statements are the  responsibility  of the Company's
management.  My  responsibility  is to express  an  opinion  on these  financial
statements based on my audits.

I  conducted  my audits in  accordance  with  standards  of the  Public  Company
Accounting Oversight Board (United States).  Those standards require that I plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial statement presentation.  I believe that my audits provide a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material  respects,  the financial position of CEO Channel.com ,Inc., Inc. as of
December 31, 2001,  and the results of its operations and its cash flows for the
two years in the  period  ended  December  31,  2001,  in  conformity  with U.S.
generally accepted accounting principles.



                                                           /s/Lawrence Scharfman
                                                        Lawrence Scharfman, CPA.


Boynton Beach, Florida
March 29, 2005











                                       F-2

<PAGE>



<TABLE>
<CAPTION>
                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                                 Balance Sheets
                                  December 31,


                                                                              2001               2000
                                                                        ----------------- ------------------
<S>                                                                     <C>               <C>
                                 ASSETS
CURRENT ASSETS
   Cash and equivalents                                                 $               0 $               92
   Overpaid payroll taxes                                                               0                  0
                                                                        ----------------- ------------------

          Total current assets                                                          0                 92
                                                                        ----------------- ------------------

PROPERTY AND EQUIPMENT
   Equipment                                                                            0                  0
   Less: Accumulated depreciation                                                       0                  0
                                                                        ----------------- ------------------

          Net property and equipment                                                    0                  0
                                                                        ----------------- ------------------

OTHER ASSETS
   Deposits                                                                             0                  0
                                                                        ----------------- ------------------

          Total other assets                                                            0                  0
                                                                        ----------------- ------------------

Total Assets                                                            $               0 $               92
                                                                        ================= ==================

                  LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
   Accrued payroll and related liabilities                              $               0 $                0
   Accrued expenses                                                                     0                  0
                                                                        ----------------- ------------------

          Total current liabilities                                                     0                  0
                                                                        ----------------- ------------------

STOCKHOLDERS' EQUITY
   Preferred stock, no par value, authorized 10,000,000
     shares, 0 issued and  outstanding                                                  0                  0
   Common stock, $0.0001 par value, authorized 50,000,000
     shares; issued and outstanding 2,200,000                                         220                220
  Additional paid-in capital                                                      224,760            224,760
  Deficit accumulated during the development stage                               (224,980)          (224,888)
                                                                        ----------------- ------------------

          Total stockholders' equity                                                    0                 92
                                                                        ----------------- ------------------

Total Liabilities and  Stockholders' Equity                             $               0 $               92
                                                                        ================= ==================
</TABLE>
















     The accompanying notes are an integral part of the financial statements


                                       F-3

<PAGE>



<TABLE>
<CAPTION>
                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                            Statements of Operations
                             Year Ended December 31,


                                                                                                        Period from
                                                                                                      February 3, 1999
                                                                                                        (Inception)
                                                                                                          through
                                                              2001                   2000            December 31, 2001
                                                       -------------------   ---------------------  --------------------
<S>                                                    <C>                   <C>                    <C>
REVENUES                                               $                 0   $              17,000  $             17,000
                                                       -------------------   ---------------------  --------------------

OPERATING EXPENSES
   Compensation:
      Officers                                                           0                  48,000               105,538
      Others                                                             0                   5,430                22,566
   General and administrative                                           92                  50,880                77,205
   Depreciation                                                          0                   5,621                 8,901
                                                       -------------------   ---------------------  --------------------

          Total expenses                                                92                 109,931               214,210
                                                       -------------------   ---------------------  --------------------

Income (loss) from operations                                          (92)                (92,931)             (197,210)
                                                       -------------------   ---------------------  --------------------

OTHER INCOME (EXPENSE)
   Loss on abandonment                                                   0                 (29,184)              (29,184)
   Interest income                                                       0                   1,088                 1,414
                                                       -------------------   ---------------------  --------------------

          Total other income (expense)                                   0                 (28,096)              (27,770)
                                                       -------------------   ---------------------  --------------------

Net income (loss)                                      $               (92)  $            (121,027) $           (224,980)
                                                       ===================   =====================  ====================

Basic net income (loss) per weighted average share     $             (0.01)  $               (0.06)
                                                       ===================   =====================

Weighted average number of shares                                2,200,000               2,200,000
                                                       ===================   =====================
</TABLE>






















     The accompanying notes are an integral part of the financial statements


                                       F-4

<PAGE>



<TABLE>
<CAPTION>
                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                       Statements of Stockholders' Equity







                                                                                              Deficit
                                                                                            Accumulated
                                                                             Additional      During the         Total
                                                    Number of     Common       Paid-in      Development     Stockholders'
                                                     Shares        Stock       Capital         Stage           Equity
                                                   ------------ ----------- ------------- ---------------- ---------------
<S>                         <C>                               <C>           <C>           <C>              <C>
BEGINNING BALANCE, February 3, 1999 (Inception)               0 $         0 $           0 $              0 $             0

Shares issued for cash                                2,200,000         220       224,760                0         224,980

Net loss                                                      0           0             0         (103,861)       (103,861)
                                                   ------------ ----------- ------------- ---------------- ---------------

BALANCE, December 31, 1999                            2,200,000         220       224,760         (103,861)        121,119

Net loss                                                      0           0             0         (121,027)       (121,027)
                                                   ------------ ----------- ------------- ---------------- ---------------

BALANCE, December 31, 2000                            2,200,000           0             0         (224,888)             92
Net loss                                                      0           0             0              (92)            (92)
                                                   ------------ ----------- ------------- ---------------- ---------------

BALANCE, December 30, 2001                            2,200,000 $       220 $     224,760 $       (224,980)$             0
                                                   ============ =========== ============= ================ ===============
</TABLE>




















     The accompanying notes are an integral part of the financial statements


                                       F-5

<PAGE>



<TABLE>
<CAPTION>
                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                            Statements of Cash Flows
                             Year Ended December 31,



                                                                                                   Period from
                                                                            Year Ended           February 3, 1999
                                                                           December 31,            (Inception)
                                                               -------------------------------       through
                                                                    2001              2000      December 31, 2001
                                                               --------------- --------------- -------------------
<S>                                                            <C>             <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                       $           (92)$      (121,027)$           (224,980)
Adjustments to reconcile net loss to net cash used by operating
activities:
   Depreciation                                                              0           5,621                8,901
   Loss on abandonment                                                       0          21,965               21,965
Changes in operating assets and liabilities:
   (Increase) decrease in deposits                                           0             125                    0
   Increase (decrease) accrued expense                                       0         (11,160)                   0
   Increase (decrease) accrued payroll and related liabilities               0               0                    0
                                                               --------------- --------------- --------------------

Net cash used by operating activities                                      (92)       (104,476)            (194,114)
                                                               --------------- --------------- --------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchase of property and equipment                                        0               0              (30,866)
                                                               --------------- --------------- --------------------

Net cash used by investing activities                                        0               0              (30,866)
                                                               --------------- --------------- --------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from issuance of common stock, net                               0               0              224,980
                                                               --------------- --------------- --------------------

Net cash provided by financing activities                                    0               0              224,980
                                                               --------------- --------------- --------------------

Net increase (decrease) in cash                                            (92)       (104,476)                   0

CASH, beginning of period                                                   92         104,568                    0
                                                               --------------- --------------- --------------------

CASH, end of period                                            $             0 $            92 $                  0
                                                               =============== =============== ====================
</TABLE>


















     The accompanying notes are an integral part of the financial statements


                                       F-6

<PAGE>



                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                          Notes to Financial Statements


(1)  Summary of Significant Accounting Policies
     (a) The Company  CEO-Channel.com,  Inc. is a Florida chartered  development
     stage   corporation  which  conducts  business  from  its  headquarters  in
     Richmond, Virginia. The Company was incorporated on February 3, 1999.

     The Company began its business operations as a dot com at the height of the
     boom. In the fourth quarter of 2000, the Company realized that it would not
     be able to sustain  its  activities  nor raise  additional  capital,  so it
     ceased  operations.  In the second  quarter  2002,  control of the  Company
     changed.  At that time the Company  received a cash  investment in order to
     maintain  its  reporting  status  while  the  Company  began  to  seek  new
     opportunities.  In late 2004,  the Company began to actively seek potential
     merger candidates.

     The  following  summarize  the more  significant  accounting  and reporting
policies and practices of the Company:

     (b) Use of  estimates  The  financial  statements  have  been  prepared  in
     conformity with generally accepted accounting principles.  In preparing the
     financial  statements,   management  is  required  to  make  estimates  and
     assumptions  that affect the reported  amounts of assets and liabilities as
     of the date of the  statements  of  financial  condition  and  revenues and
     expenses for the year then ended.  Actual results may differ  significantly
     from those estimates.

     (c) Start-up  costs Costs of start-up  activities,  including  organization
     costs,  are expensed as incurred,  in accordance with Statement of Position
     (SOP) 98-5.

     (d) Stock  compensation for services  rendered The Company issues shares of
     common stock in exchange for services  rendered.  The costs of the services
     are valued according to generally accepted  accounting  principles and have
     been charged to operations.

     (e) Net  income  (loss)  per  share  Basic  loss per share is  computed  by
     dividing  the net income  (loss) by the weighted  average  number of common
     shares outstanding during the period.

     (f) Property and  equipment All property and equipment are recorded at cost
     and depreciated over their estimated useful lives,  using the straight-line
     method.  Upon  sale  or  retirement,   the  cost  and  related  accumulated
     depreciation  are  eliminated  from  their  respective  accounts,  and  the
     resulting  gain or loss is included in the results of  operations.  Repairs
     and  maintenance  charges,  which do not  increase  the useful lives of the
     assets, are charged to operations as incurred.



                                       F-7

<PAGE>



                              CEO-Channel.com, Inc.
                        (A Development Stage Enterprise)
                          Notes to Financial Statements


(2)  Stockholders'  Equity  The  Company  has  authorized  50,000,000  shares of
     $0.0001  par  value  common  stock  and  10,000,000  shares of no par value
     preferred  stock.  Rights and  privileges of the preferred  stock are to be
     determined  by the Board of Directors  prior to  issuance.  The Company had
     2,200,000  shares of common and 0 preferred  stock issued and  outstanding,
     respectively,  at December 31, 2001 and 2000. In 1999,  the Company  issued
     2,200,000  shares of common stock under  Regulation D offerings in exchange
     for $224,980 in cash.

(4)  Income  Taxes  Deferred  income taxes  (benefits)  are provided for certain
     income and expenses which are  recognized in different  periods for tax and
     financial  reporting  purposes.  The Company had net operating  loss carry-
     forwards  for  income  tax  purposes  of  approximately  $225,000  expiring
     $104,000 and $121,000 at December 31, 2019 and 2020, respectively.

     The amount  recorded  as  deferred  tax assets as of  December  31, 2001 is
     approximately  $34,000,  which  represents the amount of tax benefit of the
     loss  carry-forward.  The Company  has  established  a valuation  allowance
     against  this  deferred  tax  asset,  as  the  Company  has no  history  of
     profitable operations.

(5)  Subsequent events
     (a)  Stockholders'  Equity On April 23, 2002, the Company issued 10,000,000
     shares of  restricted  common stock to its new  management  in exchange for
     services valued at $0.001 per share, or $10,000 total.

     (b)  Convertible  debt On May 2,  2002,  the  Company  received  $15,000 in
     exchange for demand  convertible debt, which carries an interest rate of 8%
     per annum.  This debt is  convertible  into up to 15,000,000  shares of the
     Company's common stock at the discretion of the debt-holders.

















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